/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES/

TSX-V: AGMFrankfurt: AIW

TORONTO, March 13, 2012 /CNW/ - Aldridge Minerals Inc. (TSX Venture: AGM) ("Aldridge" or the "Company") is pleased to announce that ISS Proxy
Advisory Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have
both recommended that its clients vote in favour of the ordinary
resolution approving a private placement to issue 16,000,000 common
shares at a price of $0.70 per share for gross proceeds of $11,200,000
to ANT Holding Anonim Sti ("ANT"), a strategic Turkish investor (the
"Private Placement"). The subscription price of $0.70 represents a
premium of approximately 16.7% over the closing priceof the Company's shares on February 7, 2012. Upon completion of this private placement, ANT will hold approximately 30.1% of the
resulting issued and outstanding common shares of Aldridge, as
described in the Management Information Circular mailed to shareholders
by the Company on February 29, 2012.

ISS and Glass Lewis are widely recognized as the leading independent
proxy voting and corporate governance advisory firms. Their analyses
and recommendations are relied upon by many major institutional
investment firms, mutual funds and fiduciaries throughout North
America.

In their reports recommending that their clients vote to approve the
share issuance, ISS and Glass Lewis noted the placement of shares has
been done at a premium, that the extent of dilution is considered
reasonable, and that there is no overhang of future dilution in the
form of warrants.

Mario Caron
, CEO of Aldridge commented, "We are pleased that ISS and
Glass Lewis, leading independent proxy research firms, have supported
what Aldridge believes to be true - that the proposed financing is fair
to shareholders and is in the best interest of the Company. ISS and
Glass Lewis' support is welcome and we urge shareholders to vote their
proxy shortly in order to ensure your vote is received in time to be
counted at the Annual and Special Meeting scheduled for March 27,
2012."

Time is of the essence, and a proxy, to be effective, must be voted in
advance of the Meeting and no later than 10:00 a.m. (Toronto time) on
Friday, March 23, 2012 or, if the Meeting is adjourned, not later than
such time on the date that is two business days prior to the date of
the adjourned meeting.

Shareholders who require assistance in voting their proxy may direct
their inquiry to Aldridge Minerals Inc.'s proxy solicitation agent,
Phoenix Advisory Partners, toll-free in North America at 1-800-921-8867
or by email at inquiries@phoenixadvisorypartners.com.

About Aldridge Minerals Inc.

Aldridge is a publicly-traded junior exploration company focussed on
advancing its flagship Yenipazar polymetallic VMS deposit (Au, Ag, Cu,
Pb, Zn) in Turkey with a feasibility study, which is building on its
December 2010 Technical Report and Preliminary Economic Assessment. The
feasibility study is expected to be completed by the end of 2012. The
Yenipazar deposit is subject to an earn-in agreement with Alacer Gold
Corp., wherein Aldridge can earn a 100% working interest subject to
certain conditions, subject to a 6% net profit interest ("NPI",
revenues less operational costs) until revenues of US$165 million are
generated, and a 10% NPI from there on.

Aldridge also holds a 338 square kilometre exploration license in Papua
New Guinea known as
Kili Teke
. The license area is prospective for
gold, silver and copper.

This news release includes certain forward-looking statements within the
meaning of Canadian securities laws. Forward-looking statements involve
risks, uncertainties and other factors that could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed in such forward-looking statements. Forward-looking
statements in this news release, include, but are not limited to,
economic performance and future plans and objectives of the Company.
Any number of important factors could cause actual results to differ
materially from these forward-looking statements as well as future
results. Although Aldridge believes that the assumptions and factors
used in making the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply as
of the date of this new release, and no assurance can be given that
such events will occur in the disclosed timeframes or at all. Aldridge
disclaims any intention or obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.